Gold price accumulates above 3300 next week

470
✍️ NOVA hello everyone, Let's comment on gold price next week from 08/18/2025 - 08/22/2025

⭐️GOLDEN INFORMATION:

Gold (XAU/USD) held steady in the North American session on Friday, with traders awaiting the outcome of U.S. President Donald Trump’s meeting with Russian President Vladimir Putin. In-line U.S. Retail Sales data did little to lift the Dollar, allowing the metal to remain firm around $3,340, up 0.17% on the day.

Since late Thursday, gold has been confined to a narrow $3,330–$3,350 range. Market expectations for a breakthrough at the Trump-Putin summit in Alaska remain subdued, though the White House suggested that “something has to come out of it” and emphasized that ending the war is a prerequisite before discussing business.

⭐️Personal comments NOVA:

Gold price continues to move sideways, price range 3300 - 3400. Waiting for new moves from FED on interest rate policy in September.

🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:

Resistance: $3353, $3384
Support: $3307, $3270


🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.